* Hydraulic tailgates as a complement to the truck crane and
Crayler ranges * Cooperation with Behrens Eurolift and licensing
agreement with Fors Industries * Entry to a EUR 400 million market

As from the end of January, Palfinger's global dealer network will
be able to offer customers a comprehensive range of truck based
equipment. Apart from truck cranes and Crayler truck- mounted
forklifts, hydraulic tailgates will be marketed under the "Palgate"
name. This means that Palfinger will be offering one-stop shopping
for truck loading systems. Already the world's leading manufacturer
of hydraulic lifting, loading and handling systems, the company has
now taken a further step towards becoming a single-source supplier of
transport equipment.

This addition to the product range has been made possible by
Palfinger's cooperation with Eurolift GmbH, Hamburg. The latter has a
strong position in Germany - the world's largest market for hydraulic
tailgates. The parties to the transaction have agreed not to divulge
the details of the cooperation agreement.

Meanwhile, Palfinger has concluded a licensing agreement with
Sweden's Fors Industries, Bispgarden, with a view to joint
development of high-quality hydraulic tailgates. In combination with
Palfinger's own strengths, working with two leading tailgate
manufacturers should ensure that it has good market access and
competitive products. The Palgate range will be produced by Palfinger
TG GmbH, a wholly owned subsidiary of Palfinger AG based in
Köstendorf, Salzburg. "Palgate" will be a separate profit centre
within the Hydraulic Systems Division.

Palfinger TG GmbH, based in Köstendorf, Upper Austria, has
ambitious plans. Its goal is to gain a firm foothold for the Palgate
line in Europe and North America, before setting out to establish the
brand throughout the world. The global market for hydraulic tailgates
is worth almost EUR 400 million, and Palfinger's medium-term target
is a global market share on a par with the 25 percent held by its
truck cranes and hook loaders.